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Maral Overseas

Textile Orders in an Uncertain Market

Challenge

Facing volatile demand and challenges in order forecasting, Maral Overseas, a vertically integrated indian textile producer, grappled with both securing timely raw materials and the risk of overproduction at the wrong time, making accurate forecasts crucial for ensuring availability and optimizing production.

Solution by MIR Insight

By harnessing the power of MIR’s advanced analytics and real-time insights, Maral Overseas was able to generate highly accurate 6-months order forecasts for key products. These forecasts provide critical visibility into how real-world events influence future demand and raw material prices, enabling the company to make informed decisions not only about purchasing but also about ensuring the right products are produced at the right time. With MIR’s dynamic real world models, Maral Overseas can stay ahead of market shifts, secure product availability, and optimize production to meet demand efficiently.

Results

By partnering with MIR Insight, Maral Overseas generates accurate order forecasts for key products, enabling informed purchasing decisions, optimized production, and timely availability. This accuracy increase of 50-60% unlocks a loss avoidance potential of 2-3% of annual revenue, leading to significant cost savings, improved profitability, and streamlined logistics strategies.

50-60
Forecasting Accuracy Increase
$2.4-3.6
Loss Avoided
2-3
Revenue Loss Avoidance

MIR delivers real-world models and advanced analytics, increasing forecast accuracy by 50-60%, unlocking a 2-3% revenue loss avoidance potential, and empowering data-driven decisions that drive profitability and business growth.